Noteworthy Friday Option Activity: NVDA, DLTR, URI

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in NVIDIA Corp (Symbol: NVDA), where a total volume of 121,454 contracts has been traded thus far today, a contract volume which is representative of approximately 12.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.8% of NVDA's average daily trading volume over the past month, of 25.9 million shares. Particularly high volume was seen for the $157.50 strike call option expiring June 23, 2017 , with 13,601 contracts trading so far today, representing approximately 1.4 million underlying shares of NVDA. Below is a chart showing NVDA's trailing twelve month trading history, with the $157.50 strike highlighted in orange:

Dollar Tree Inc (Symbol: DLTR) options are showing a volume of 17,280 contracts thus far today. That number of contracts represents approximately 1.7 million underlying shares, working out to a sizeable 46.1% of DLTR's average daily trading volume over the past month, of 3.7 million shares. Especially high volume was seen for the $72.50 strike call option expiring July 21, 2017 , with 10,082 contracts trading so far today, representing approximately 1.0 million underlying shares of DLTR. Below is a chart showing DLTR's trailing twelve month trading history, with the $72.50 strike highlighted in orange:

And United Rentals, Inc. (Symbol: URI) options are showing a volume of 7,664 contracts thus far today. That number of contracts represents approximately 766,400 underlying shares, working out to a sizeable 42.8% of URI's average daily trading volume over the past month, of 1.8 million shares. Especially high volume was seen for the $113 strike call option expiring July 21, 2017 , with 1,707 contracts trading so far today, representing approximately 170,700 underlying shares of URI. Below is a chart showing URI's trailing twelve month trading history, with the $113 strike highlighted in orange:

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